For the current year, the Beech Corporation has net income on its books of $60,000, including the

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Question:

For the current year, the Beech Corporation has net income on its books of $60,000, including the following items: Net capital losses $15,000 Federal income tax expense $25,000 Federal tax depreciation exceeds the depreciation deducted on the books by $5,000. What is the corporation's taxable income?

A. $95,000

B. $103,000

C. $66,000

D. $90,000

E. None of these choices are correct.